AI Transparency Report
The American Federation Of State County & Municipal Employees (AFSCME) demonstrates consistent financial operations with revenues generally exceeding expenses over the past several years. For instance, in 2023, revenue was $23,327,790 against expenses of $22,687,684, indicating a surplus. The organization's assets have shown a steady increase, growing from $4,941,641 in 2014 to $14,418,890 in 2023, suggesting prudent financial management and accumulation of reserves. Liabilities have fluctuated but generally remained manageable relative to assets, with a notable decrease from $12,195,979 in 2019 to $8,709,816 in 2023, improving its financial stability.
Spending efficiency appears to be a strength, as the organization consistently operates with a positive net income in most recent years. The absence of reported officer compensation across all filings indicates a potential for high program spending efficiency, assuming these costs are absorbed elsewhere or are minimal. This also suggests a commitment to directing funds towards its mission rather than executive salaries. The consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to transparency, providing a clear historical financial record for public scrutiny.
Overall, AFSCME exhibits sound financial health with a growing asset base and controlled liabilities. Its consistent operational surpluses and lack of reported officer compensation point to efficient resource allocation. The regular and detailed IRS 990 filings contribute to a strong transparency profile, allowing stakeholders to easily track its financial performance and accountability.